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Down rounds carry a stigma, but they're not always the end of a startup’s story.
Charles Hudson of Precursor Ventures shares an example of a company that survived a difficult fundraising process involving a down round and investor-friendly terms. It wasn't easy, but making the hard financing decision ultimately gave the company a chance to keep building.
For founders, the lesson is simple: The best fundraising outcome isn't always the highest valuation — it's the one that keeps your business alive.
Get more of Hudson’s advice in the latest Build Mode podcast episode wherever you prefer your pods.
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